Checkout.com, an online payment platform, has announced that it has joined the Libra Association. The platform is now the embattled project’s newest member, as it continues to work on launching the Libra.
Checkout.com, in a recent blog post, says that it understands the role payments play in modern society, suggesting that it will throw its weight behind worthy projects. It says the Libra is a great way to promote blockchain technology and reach more people.
“In the Libra Association, we found a group of peers that share in this philosophy and who demonstrated a thoughtful and realistic approach to how blockchain can be leveraged for the greater good. The Libra project holds the promise of increasing financial inclusion for billions of unbanked people, empowering them to participate in the digital economy and reducing disparities.”
Checkout.com is backed by DST Global, Blossom Capital, Singapore’s sovereign Wealth Fund, Endeavor Catalyst, and Insight Partners who were part of a 2019 fundraising round. Because Checkout.com already focuses on payments, its inclusion in the Libra Association could be quite the forward leap for the company.
The blog post, written by CEO Guillaume Pousaz, also pushed for proper blockchain regulation.
The Libra Association announced last month that the Libra will now be digital versions of different fiats, backed severally.
Image Credits: Pixabay
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